Cathie Wood, the CEO of ARK Invest, remains steadfast in her bullish forecast for Bitcoin (BTCUSD), expecting its price to reach $1.5 million by 2030. This comes at a time when U.S. ETF funds have recorded outflows nearing half a billion dollars in just 3 days, amid trade tensions between the United States and China.

Wood stated in a video posted on February 11:

"Many know us for our bullish forecast for the price of Bitcoin: $1.5 million. In fact, we believe the probability of this scenario has increased, given the accelerating pace of institutional adoption of this new asset class."